The stock of Phoenix New Media Ltd ADR (NYSE:FENG) is a huge mover today! About 491,984 shares traded hands or 714.75% up from the average. Phoenix New Media Ltd ADR (NYSE:FENG) has declined 14.48% since April 8, 2016 and is downtrending. It has underperformed by 20.13% the S&P500.
The move comes after 7 months positive chart setup for the $291.78 million company. It was reported on Nov, 10 by Barchart.com. We have $6.57 PT which if reached, will make NYSE:FENG worth $201.33M more.
Phoenix New Media Ltd ADR (NYSE:FENG) Ratings Coverage
Out of 2 analysts covering Phoenix New Media Limited (NYSE:FENG), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Phoenix New Media Limited has been the topic of 2 analyst reports since November 11, 2015 according to StockzIntelligence Inc. As per Wednesday, November 11, the company rating was downgraded by Macquarie Research. The firm has “Overweight” rating by JP Morgan given on Wednesday, August 31.
According to Zacks Investment Research, “Phoenix New Media Limited provides premium content on an integrated platform across Internet, mobile and TV channels in China. The Company provides global news coverage, investigative reports and in-depth analysis of events in compelling presentation formats. It enable consumers to access professional news and other quality content and share user-generated content, or UGC, on the Internet and through their mobile devices. Phoenix New Media Limited is a subsidiary of Phoenix Satellite Television (B.V.I.) Holding Limited and is based in Beijing, the Peoples’ Republic of China.”
More recent Phoenix New Media Ltd ADR (NYSE:FENG) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on May 07, 2011. Also Seekingalpha.com published the news titled: “Double Your Money With Phoenix New Media, China’s Online Content King” on August 08, 2013. Prnewswire.com‘s news article titled: “Phoenix New Media Announces Strategic Cooperation between Yidian and OPPO” with publication date: July 22, 2016 was also an interesting one.
FENG Company Profile
Phoenix New Media Limited, incorporated on November 22, 2007, is a media firm providing content on an integrated platform across Internet, mobile and television channels in China. The Firm enables clients to access professional news and other quality information, and upload text and images (UGC) on the Internet and through their mobile devices. The Firm also transmits its UGC and in-house produced content to television viewers primarily through Phoenix TV. In addition to professionally produced content, content from Phoenix TV and its in-house produced content, the Company allows its users to UGC to its Websites and mobile applications. The Firm operates in two divisions: net advertising services and paid services. The Firm provides its content and services through channels, including ifeng.com channel, video channel and mobile channel, and also transmits its content to television viewers, primarily through Phoenix TV. Together, these channels form a single converged platform providing integrated text, image and video content.
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